Apple’s quarterly iPad income will considerably decline within the fourth quarter of 2023 on a year-over-year foundation, in line with estimated figures shared at the moment by Erik Woodring, an analyst at funding agency Morgan Stanley.

iPad mini and Air Feature 2
Morgan Stanley estimates that Apple will report iPad income of $7.2 billion within the fourth quarter of 2023, which might be a decline of roughly 23% in comparison with the $9.4 billion that Apple reported for the phase within the year-ago quarter.

The year-ago quarter shall be a tricky comparability for iPad income, in line with Morgan Stanley, as Apple introduced up to date iPad Professional fashions and the Tenth-generation iPad final October. Over the weekend, two studies indicated that Apple plans to announce up to date iPad Air, iPad mini, and entry-level iPad fashions this week, though some credible sources like Bloomberg‘s Mark Gurman have forged doubt on this rumor.

It is unclear if Morgan Stanley expects new iPads to launch this month, however given the agency expects iPad income to considerably decline this quarter, the agency is not less than not anticipating any iPad updates which are main sufficient for income development. Solely minor modifications are anticipated for the subsequent iPad Air, iPad mini, and entry-level iPad each time the gadgets are launched, together with an M2 chip for the iPad Air and an A16 Bionic chip for the iPad mini.

There are additionally rumors of a third-generation Apple Pencil with interchangeable magnetic suggestions for drawing, technical drawing, and digital portray.

Apple has but to launch any new iPads this yr. If that development continues for the rest of 2023, it might be the primary calendar yr with no new iPads launched within the gadget’s 13-year historical past. The 2 studies anticipating new iPad fashions this week stated Apple’s announcement would probably be on Tuesday, so we’ll see what occurs tomorrow.

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